VTHO - quick 1d chart update
VTHO has received a massive pump today.
VTHO had broke out of its 'adjusted' Symmetrical Triangle today but at the moment it has retraced back under it, a daily close ABOVE the Descending Trend-line of this Symmetrical Triangle and a successful retest as support will be a very good sign of things to come.
VTHO is above its Least Squares Moving Average (LSMA) for this 1d timeframe. A daily candle close ABOVE this indicator is considered a potential buy signal.
At the moment, VTHO is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. A continued daily candle close ABOVE this level is crucial.
Note that the Bollinger Bands Upper and Lower Bands have expanded due to volatility and this volatility expansion is for positive momentum.
VTHO is back above its Volume Profile Visible Range Point of Control for this charts Visible Range.
VTHO is back above its Volume Profile Fixed Range Point of Control for the fixed range of 4 daily candles that i have selected.
Volume has increased on this Binance chart and note that yesterdays daily volume bar closed ABOVE its Volume 20 Period Moving Average.
I have added a Trend-Based Fib Extension as some potential targets. If you are long but uncertain, it might be best to wait for a successful daily candle close ABOVE the 0.382 TB Fib level
The Average Directional Index (ADX DI) is indicating Positive Momentum has increased and Negative Momentum has dropped with the +DI (Green Line) at 36.5 above its -DI (Red Line) which has dropped to 16.35. Note that the ADX (Yellow Line) is pointing upwards at 26.02. We can expect an even bigger move up if the ADX (Orange Line) crosses back above its 9 Period EMA (White Line) which is at 29.17 so long as the +DI (Green Line) is still ABOVE the -DI (Red Line) on this 1d timeframe.
The Moving Average Convergence Divergence (MACD) is indicating momentum is upwards at the moment. Note that the MACD Line (Blue Line) is pointing upwards & looking very likely to cross back over the Signal Line (Orange Line) creating new Green Bars very soon. VTHO will potentially receive a massive boost up if the MACD Line (Blue Line) crosses back ABOVE the Signal Line (Orange Line) and then back over and ABOVE the 0.0 Base Line which will take it into the Positive Zone.
After such a big move up today a pull back should not come as a surprise, so a close ABOVE the Symmetrical Triangle and the 0.382 Trend-Based Fib Extension level may or may not happen today but instead tomorrow or potentially latest during the week.
I hope this is helpful with your Trading and Hodl-ing.
Notes:
LSMA = Yellow Squiggly Line on Chart
Bollinger Bands = Grey Bands on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal red Line on Chart
Volume MA = Orange Line going through Volume Bars on Chart
Symmetrical Triangle = Converging Ascending and Descending White Dashed Lines
VTHO had broke out of its 'adjusted' Symmetrical Triangle today but at the moment it has retraced back under it, a daily close ABOVE the Descending Trend-line of this Symmetrical Triangle and a successful retest as support will be a very good sign of things to come.
VTHO is above its Least Squares Moving Average (LSMA) for this 1d timeframe. A daily candle close ABOVE this indicator is considered a potential buy signal.
At the moment, VTHO is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. A continued daily candle close ABOVE this level is crucial.
Note that the Bollinger Bands Upper and Lower Bands have expanded due to volatility and this volatility expansion is for positive momentum.
VTHO is back above its Volume Profile Visible Range Point of Control for this charts Visible Range.
VTHO is back above its Volume Profile Fixed Range Point of Control for the fixed range of 4 daily candles that i have selected.
Volume has increased on this Binance chart and note that yesterdays daily volume bar closed ABOVE its Volume 20 Period Moving Average.
I have added a Trend-Based Fib Extension as some potential targets. If you are long but uncertain, it might be best to wait for a successful daily candle close ABOVE the 0.382 TB Fib level
The Average Directional Index (ADX DI) is indicating Positive Momentum has increased and Negative Momentum has dropped with the +DI (Green Line) at 36.5 above its -DI (Red Line) which has dropped to 16.35. Note that the ADX (Yellow Line) is pointing upwards at 26.02. We can expect an even bigger move up if the ADX (Orange Line) crosses back above its 9 Period EMA (White Line) which is at 29.17 so long as the +DI (Green Line) is still ABOVE the -DI (Red Line) on this 1d timeframe.
The Moving Average Convergence Divergence (MACD) is indicating momentum is upwards at the moment. Note that the MACD Line (Blue Line) is pointing upwards & looking very likely to cross back over the Signal Line (Orange Line) creating new Green Bars very soon. VTHO will potentially receive a massive boost up if the MACD Line (Blue Line) crosses back ABOVE the Signal Line (Orange Line) and then back over and ABOVE the 0.0 Base Line which will take it into the Positive Zone.
After such a big move up today a pull back should not come as a surprise, so a close ABOVE the Symmetrical Triangle and the 0.382 Trend-Based Fib Extension level may or may not happen today but instead tomorrow or potentially latest during the week.
I hope this is helpful with your Trading and Hodl-ing.
Notes:
LSMA = Yellow Squiggly Line on Chart
Bollinger Bands = Grey Bands on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal red Line on Chart
Volume MA = Orange Line going through Volume Bars on Chart
Symmetrical Triangle = Converging Ascending and Descending White Dashed Lines
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.